secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K/A
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001213900-25-086879
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace appoints Michael A. Tapp COO; base salary $600K, 1.6M options
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- Michael A. Tapp appointed COO effective Sept 1, 2025; employment agreement includes $600K base salary and performance bonuses up to 100% of base.
- Initial stock option grant of 1,613,000 shares at $2.00 exercise price; one-third vested immediately, rest quarterly over 2 years.
- Options also awarded to CEO Scott Pomeroy (2,621,100), CFO Brooke Turk (1,512,200), CSO Tobin Arthur (1,512,200), and RTLS CEO Soumya Das (78,000).
- Side letter requires company to relocate headquarters to Dallas-Fort Worth Executive Office Area by March 31, 2026, or face breach of contract.
- Discloses $475,000 in consulting fees paid to Tapp's entity Ancora Management Services and 50,000 prior stock options for consulting services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025086879/0001213900-25-086879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025086879/ea0257061-8ka1_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-086879

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